Played out nicely since last update.
Ethereum has held near the level highlighted in the last update and, after a correction, pushed into the wave 3 most likely target. Price rejected from that area without yet breaking the all-time high.
If this wave 3 has completed, which isn’t confirmed yet, the Elliott Wave count suggests caution. A wave 4 at the higher degree could be next. To gain clarity, we’ll need to see a few key pivots broken.
The completion of a smaller 5-wave move lining up with the higher-degree wave 3 target is a clue this may be the spot to pause and evaluate. The way this retracement unfolds will help decide which degree it belongs to and set expectations for what comes next.
Ethereum has held near the level highlighted in the last update and, after a correction, pushed into the wave 3 most likely target. Price rejected from that area without yet breaking the all-time high.
If this wave 3 has completed, which isn’t confirmed yet, the Elliott Wave count suggests caution. A wave 4 at the higher degree could be next. To gain clarity, we’ll need to see a few key pivots broken.
The completion of a smaller 5-wave move lining up with the higher-degree wave 3 target is a clue this may be the spot to pause and evaluate. The way this retracement unfolds will help decide which degree it belongs to and set expectations for what comes next.
More on the TradeDevils Discord discord.gg/p9bjnpwnMc
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
More on the TradeDevils Discord discord.gg/p9bjnpwnMc
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.